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Preparing for second term...
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TODAY'S PICK (Latest Audio: English/Tamil)
Wipro (Rs 385.90): Sell
We recommend a sell in Wipro from a short-term perspective. It is evident from the charts that the stock began to trend upward, after taking support around Rs 200 in early March. The stock has been on a medium-term uptrend since this low, ...
Day Trading Guide
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DLF, Unitech aim to lower debt burden
New Delhi, May 19 Real estate major DLF aims to nearly halve its current debt position of Rs 14,000-15,000 crore by the end of the financial year, and its rival Unitech wants to lower borrowings to Rs 6,000-6,500 crore from the existing Rs ...
No Huawei, ZTE products in sensitive zones, DoT tells BSNL
New Delhi, May 19 In a bid to address the concerns raised by security agencies against Chinese vendors supplying equipment to Bharat Sanchar Nigam Ltd, the Department of Telecom has asked the State owned company not to procure ...
L&T, GE Hitachi tie up to build nuclear reactors
Mumbai, May 19 Larsen & Toubro and US-based GE Hitachi Nuclear Energy (GEH) have signed a memorandum of understanding for cooperation in BWR (boiling water reactor) and ABWR (advanced boiling water reactor) nuclear ...
Safe in LS, seeking cover in Rajya Sabha
UPA’S CONUNDRUM. New Delhi, May 19 With the re-nomination of Dr Manmohan Singh as the Congress Parliamentary Party leader and the re-election of Ms Sonia Gandhi as its Chairperson, the UPA set the ball rolling on Government formation on ...
Subdued VSF, sponge iron biz hits Grasim profits
Q4 net profit down 35% at Rs 569 cr. Mumbai, May 19 Grasim Industries, an Aditya Birla Group company, saw its profitability in 2008-09 impacted by the poor performance of its viscose staple fibre (VSF) and sponge ...
Despite HC nod, TVS not in a hurry to launch twin-spark Flame
Chennai, May 19 Despite the Madras High Court giving the go ahead to TVS Motor Company for manufacturing and marketing the 125-cc Flame, whose use of the “twin spark plug” technology resulted in a court battle with Bajaj, the ...
Only 3% of law firms in UK, US offshore back-office work to India
Companies wary of data security, quality of work: Study. Mumbai, May 19 Despite mounting cost pressures, only three per cent of law firms in the UK and the US have ‘offshored’ their back-office functions to Indian LPO (legal process ...
Rupee rally can halt around 47 (Latest Audio:English/Tamil)
Forex markets gave a resounding ovation to the mandate of the 15th Lok Sabha elections, helping the rupee rally 3 per cent against the dollar on Monday. The historic 2000-point surge in Sensex on that day only reinforced the belief that ...
Insurance Laws Bill may be put on the fast track
Proposal allowing stake dilution in public insurers seen as key factor. Bangalore, May 19 The Insurance Laws Amendment Bill is expected to be one of the first pieces of legislation to be taken up for discussion in Parliament when the Fifteenth ...
MFs’ fear of redemption pressure remains unfounded
Funds book profit to exit not-a-long-term rally. Mumbai, May 19 The technical possibility of high redemption pressure lingered over the mutual fund industry on Tuesday as well, though fund officials and distributors whom Business Line spoke to ...
Cyclone threat as monsoon onset countdown begins
Thiruvananthapuram, May 19 The southwest monsoon is expected to make an onset over the south Andaman Sea and adjoining south Bay of Bengal within the next 24 hours, India Meteorological Department (IMD) said on ...
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